Gold prices in Kolkata moved higher on Monday, January 12, tracking the strong rally seen in global precious metals. The price of 24 karat gold in Kolkata stood at Rs 14,215 per gram, while 22 karat gold was priced at Rs 13,030 per gram and 18 karat gold traded at Rs 10,661 per gram.
The uptick in Kolkata gold prices comes amid heightened safe-haven demand globally, driven by geopolitical tensions, softer US economic data and growing expectations of interest rate cuts by the Federal Reserve.
Gold price in Kolkata today (per gram)
| Gold Purity | Price in Kolkata |
|---|---|
| 24K Gold | Rs 14,215 |
| 22K Gold | Rs 13,030 |
| 18K Gold | Rs 10,661 |
24K gold price today in Kolkata
| Quantity | Today |
|---|---|
| 1 gram | Rs 14,215 |
| 8 grams | Rs 1,13,720 |
| 10 grams | Rs 1,42,150 |
| 100 grams | Rs 14,21,500 |
22K gold price today in Kolkata
| Quantity | Today |
|---|---|
| 1 gram | Rs 13,030 |
| 8 grams | Rs 1,04,240 |
| 10 grams | Rs 1,30,300 |
| 100 grams | Rs 13,03,000 |
18K gold price today in Kolkata
| Quantity | Today |
|---|---|
| 1 gram | Rs 10,661 |
| 8 grams | Rs 85,288 |
| 10 grams | Rs 1,06,610 |
| 100 grams | Rs 10,66,100 |
Why are gold prices rising sharply today?
Gold prices surged sharply on Monday, breaching the $4,600 per ounce mark for the first time ever, as a mix of geopolitical risks, weaker US economic indicators and rising expectations of interest rate cuts boosted demand for safe-haven assets. Silver also rallied strongly, hitting an all-time high alongside gains across the broader precious metals complex.
Geopolitical tensions lift safe-haven demand
A key driver behind the surge in gold prices has been the sharp escalation in geopolitical uncertainty. Unrest in Iran has intensified, with reports suggesting that over 500 people have been killed amid widespread protests. Tensions increased further after Iran warned of targeting US military bases if President Donald Trump proceeds with renewed military threats.
At the same time, the US has adopted aggressive geopolitical positions elsewhere, including the removal of Venezuelan President Nicolás Maduro and renewed discussions around acquiring Greenland. These developments have heightened global risk aversion, pushing investors towards safe-haven assets such as gold and silver.
US jobs data strengthens rate-cut expectations
Gold’s rally has also been supported by weaker-than-expected US employment data. December job growth slowed significantly, with losses reported in sectors such as construction, retail and manufacturing. While the unemployment rate edged slightly lower, the data reinforced expectations that the US labour market is cooling.
Markets are now pricing in at least two Federal Reserve rate cuts this year. Lower interest rates tend to support non-yielding assets like gold, increasing its appeal compared to bonds and other yield-generating instruments.
Fed uncertainty adds to market volatility
Investor sentiment has also been unsettled by political pressure on the US Federal Reserve. Federal Reserve Chair Jerome Powell recently disclosed that the Trump administration had threatened him with criminal charges related to past congressional testimony. This has raised concerns around policy independence and broader financial stability, further supporting demand for precious metals.
FAQs: gold prices in Kolkata
What is the gold price in Kolkata today?
Gold prices in Kolkata today are Rs 14,215 per gram for 24K gold, Rs 13,030 per gram for 22K gold and Rs 10,661 per gram for 18K gold.
Why does gold price vary slightly across cities?
City-wise gold prices differ due to variations in local taxes, logistics costs and jeweller margins.
Do these prices include GST and making charges?
No, these are indicative prices and do not include GST, TCS or jewellery making charges.
Does Kolkata gold price follow global trends?
Yes, gold prices in Kolkata closely track international bullion prices, currency movements and global risk sentiment.
